Arthur Hayes’s Altcoin Curveball: Accumulating Millions at the Dip After Claiming to Sell

On-chain data indicating that Arthur Hayes, a prominent figure in the cryptocurrency world, has been secretly re-accumulating Hyperliquid (HYPE) tokens he previously claimed to have sold has sparked significant curiosity within the community.

BitMEX founder Arthur Hayes has recently taken center stage in the crypto world with his Hyperliquid (HYPE) investments. Despite recently announcing that he had sold all his holdings for profit, the famous figure’s wallet movements paint a contradictory picture. Current data shared by the on-chain data analysis platform Lookonchain shows that a wallet known to be linked to Hayes has been making large-scale purchases from exchanges.

The process began when Hayes announced he was selling while the HYPE price was over $72. Following this announcement, the asset’s price lost approximately 23% of its value, falling below the $56 level. However, about a week ago, a wallet address starting with “0xf7A4″—alleged to belong to Hayes—withdrew 33,978 HYPE worth $2.09 million from the Bybit exchange. Hayes denied this purchase on social media, and the assets were returned to the exchange shortly after.

Arthur Hayes and HYPE Transfers Under the Microscope

Current data revealed that the wallet in question withdrew an additional 47,007 HYPE worth $3.16 million from Bybit just 7 hours ago. This latest transaction has intensified speculations that Hayes is following a “buy the dip” strategy despite his denials.

The activity seen in these analyses has once again opened the famous investor’s market influence and strategic moves to debate. These transfers, totaling over $5 million and occurring simultaneously with fluctuations in the HYPE price, are being closely monitored by investors.